Bitcoin following the results of the past week from May 23 to May 29, Bitcoin fell by 2.73%, to $29,468. The BTC/USDt pair continues to be in a sideways trend. On Monday, May 30, the price recovered to $30,929. The price deviated seriously from the SP500 index last week and in a short time the buyers corrected the situation. The price once again fixed above $30,000. To get out of the two-week range, buyers need to gain a foothold behind the $31,700 level as quickly as possible. Only in this case we can talk about the continuation of the upward correction to 32800. Support is the level of $29700. I remind you that according to my calculations, the growth phase should begin between May 30 and June 6. If the reversal works, then the upward movement may be delayed for 1.5 months. First you need to fix above $31,700.
On the other hand, there is a significant backlog of bitcoin from the chart of the NASDAQ-100 index.
The correlation between these instruments allows us to wait either for BTC to rise to the $34,000-$35,000 area, or for the index to return down. The second is less likely, so Bitcoin has a good chance.
Dynamics of coins from the TOP - 10 for the last 24 hours:
Crypto world news
The developers have launched the main Terra 2.0 network. The Bybit exchange was one of the first to list the asset of the updated project. The price of the latter initially soared from $0.5 to $30, and then dropped significantly to $3.50. The current exchange rate is $6.
Bitcoin mining difficulty dropped by 4.3%. According to the btc.com service, now the average network hashrate of the first cryptocurrency is 213.92 EH/s, which is approximately the same as a month ago.
The US State Department urged not to disconnect Russia from the Internet. Washington believes that the Internet in Russia should remain free and open for information to enter the country. Caring for the Russians.
A new draft law on mining in the Russian Federation has been submitted to the State Duma. The share of mining in the structure of energy consumption in Russia has exceeded 2%, which is more than what agriculture consumes.
Fees for Ethereum transactions fell to the levels of July 2021. According to Etherscan, the cost of a typical transfer of ETH from address to address is $0.53.
Ethereum miners' daily income has dropped to mid-summer 2021 levels. There is also a drop in the number of addresses with a balance of more than 10,000 ETH.
Bitcoin exchange Binance has received a license as a service provider for the digital asset market in Italy. The platform has registered Binance Italy, through which it will offer cryptocurrency-related products to customers in the country.
Co-founders and top managers of Coinbase sold shares for $1.2 billion in total - since the beginning of the year, the exchange's securities have fallen in price by 72%, since the IPO by more than 81%.
Republicans have introduced a bill to ban the digital yuan (e-CNY) from the App Store and Google Play Market.
